By Gregory Moore
ARLINGTON, Texas – The senate has released their tax bill and the Joint Committee on Taxation has crunched the numbers.
OUCH.
Yeah folks, this is gonna hurt big time.
We are about to be bamboozled into thinking this tax reform and this is a welfare slumber party for the rich and richer while the rest of us are going to be poorer and poorer.
So let me explain real quick.
If you’re the middle class…your BLEEPED.
That’s people who are making between $75k – $500k per year.
Folks that is the NEW middle class.
So let me also just do this and I promise there will be a more in depth blog on the topic.
Go to The Hill’s story at http://thehill.com/policy/finance/360660-tax-cuts-in-senate-bill-would-evaporate-in-a-decade-analysis. You’ll want to click on the analysis link in the story to pull up the JCT tables.
Like I said, I’ll be back, probably over the weekend, after doing some serious crunching of my own numbers.
But from just my cursory glance….OUCHY OUCHY OUCHY….
And nobody in Washington has taken me out to diner??